Which of the Following Procedures Should an Auditor Generally Perform

question 1

Multiple Choice

Which of the following procedures should an auditor generally perform regarding subsequent events?

• A) Compare the latest available interim financial statements issued after year-end with the financial statements being audited.
• B) Send second requests to the client's customers who failed to respond to initial accounts receivable confirmation requests.
• C) Communicate material weaknesses in internal controls to those charged with governance.
• D) Review the cutoff bank statements for several months after year-end.

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Definitions:

Leaning Slightly

The act of inclining or tilting marginally from a vertical position.

Walkers

Assistive devices used to aid mobility, typically consisting of a frame with handles and legs, which a person can lean on and push forward to move.

Commonly Available

Items or services that are easily obtainable in most places, often due to widespread demand or production.

Arm Sling

A support garment for the arm or shoulder, often used to immobilize and protect an injured limb.